17th Sep 2019 17:43
For Immediate Release 17 September 2019
MILLENNIUM & COPTHORNE HOTELS PLC ("THE COMPANY")
NOTIFICATION OF TRANSACTION OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMR'S") AND PERSONS CLOSELY ASSOCIATED WITH THEM ("PCA'S")
Provided in accordance with Article 19.3 of the EU Market Abuse Regulation No. 596/2014
LEI Number: 2138003EQ1O4LZ1JNH19
Further to the announcement on 12 September 2019 that the cash offer made on 7 June 2019 by Agapier Investments Limited ("Bidco") (a company indirectly and wholly-owned by City Developments Limited ("CDL")) for 685 pence per Millennium & Copthorne Hotels plc ("M&C") share for the entire issued and to be issued ordinary share capital of M&C not already owned by CDL and its subsidiaries (and persons acting in concert with them) (the "Final Offer") has been declared wholly unconditional, the following PDMR's and, in certain instances, PCA's with them, have accepted the Final Offer - in each case in respect of their entire shareholding:
Further details of each transaction are included in the table below.
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||
a) | Name | Clive Harrington | |||||
2. | Reason for the notification | ||||||
a) | Position/status | Chief Commercial Officer | |||||
b) | Initial notification/ Amendment | Initial notification | |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Full Name of the Legal Enity | Millennium & Copthorne Hotels plc | |||||
b) | LEI | 2138003EQ104LZ1JNH19 | |||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 30p each
| |||||
b) | Identification code | GB0005622542 | |||||
c) | Nature of the transaction | Disposal of shares to accept the Final Offer. | |||||
d) | Price(s) and volume(s) |
| |||||
e) | Aggregated information - Aggregated volume - Price | See 4.e) above
| |||||
f) | Date of the transaction | 12 September 2019 | |||||
g) | Place of the transaction | London Stock Exchange Main Market (XLON) | |||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||
a) | Name | Diamantina Harrington | |||||
2. | Reason for the notification | ||||||
a) | Position/status | A person closely associated with a PDMR (spouse of Clive Harrington, Chief Commercial Officer) | |||||
b) | Initial notification/ Amendment | Initial notification | |||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a) | Full Name of the Legal Enity | Millennium & Copthorne Hotels plc | |||||
b) | LEI | 2138003EQ104LZ1JNH19 | |||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted | ||||||
a) | Description of the financial instrument, type of instrument | Ordinary Shares of 30p each
| |||||
b) | Identification code | GB0005622542 | |||||
c) | Nature of the transaction | Disposal of shares to accept the Final Offer. | |||||
d) | Price(s) and volume(s) |
| |||||
e) | Aggregated information - Aggregated volume - Price | See 4.e) above
| |||||
f) | Date of the transaction | 12 September 2019 | |||||
g) | Place of the transaction | London Stock Exchange Main Market (XLON) | |||||
Related Shares:
Millennium & Copthorne Hotels